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If you're looking at the front inch of the cutting edge, it's bad photography. The razor is resting in one of those molded plastic, fuzz-covered trays, which obscures the toe.

What do you guys think: is the razor in the first photo a cheap souvenir or a Filarmonica in disguise?

I think it's a Filly, for the following reasons:
It's stamped "Made In Spain" on the tang...